Sean Callow
Sean Callow
euro momentum recovery technical
We're having a euro recovery at the moment. But it's all momentum and technical trading,
australian certainly commodity dollar far potent prices strong yield
Strong commodity prices certainly do the Australian dollar no harm. But as we have seen, yield spreads are far more potent for the Australian dollar.
sign unilateral
There is ... no sign yet that the ECB is even contemplating unilateral intervention on the euro,
actions alarming believe committee economy inflation picked prudent require
We believe (the BOK committee members) have been prudent in their actions as the economy has picked up steam. But inflation isn't so alarming as to require a tightening at every meeting.
collapse fall next predicting talking year
We are not talking about a collapse next year or a recession, but we are predicting a pretty significant fall in prices.